A Specialized Guarantee Facility for Industrial Decarbonization: The Case for a Dedicated, Pooled Risk-Sharing Instrument
This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...
This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...



Lisa Sachs and 2 more
Financing Climate & Sustainable Development / Events
Time: edt
Date: Jun 30, 2026
Location: Online
Financing Climate & Sustainable Development / Report
Diagnosing how the sovereign ceiling functions as a simplifying shortcut that can obscure meaningful differences across borrowers, and proposing an alternative credit rating approach based on disaggregating sovereign risk into specific transmission channels.

Igor Zelezetskii and 5 more
Justin Yifu Lin is Director, Center for New Structural Economics, and honorary dean, National School of Development at Peking University. He was the Senior Vice President and Chief Economist of the World Bank, 2008-2012. Prior to this, he served for 15 years as Founding Director of the China Centre for Economic Research at Peking University. He is the author of 23 books including Against the Consensus: Reflections on the Great Recession, the Quest for Prosperity: How Developing Economies Can Take Off, Demystifying the Chinese Economy, and New Structural Economics: A Framework for Rethinking Development and Policy. He is a Corresponding Fellow of the British Academy and a Fellow of the Academy of Sciences for Developing World.
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